Ooredoo raises $300 million from IFC, ADB

Ooredoo Myanmar has raised US$300 million through a loan from the Asian Development Bank and International Finance Corporation, to fund the rollout of its network. In an announcement on February 7, the Qatari operator said the ADB and IFC would provide $150 million each, though provided no details of the terms of the financing. Last […]

Ooredoo Has Poured $1.4 Billion into Myanmar: CEO

Ooredoo Myanmar’s newly-appointed CEO Rene Meza said that the telecoms firm has invested K1.82 trillion ($1.4 billion) so far in Myanmar, making it the biggest investor in the country’s telecommunications sector. During his first meeting with the media, new CEO Rene Meza shared some business updates including investment in social and community project, network coverage […]